February 2025
The Green Circle Climate Forum, held during the Insights Forum 2024, convened global leaders to address the critical role of durable Carbon Dioxide Removal (CDR) in achieving net-zero emissions.
The Intergovernmental Panel on Climate Change (IPCC) emphasizes that CDR is essential to counterbalance hard-to-abate residual emissions, featuring prominently in all 1.5°C and 2.0°C-aligned scenarios.
Despite the urgency, the current pace of CDR deployment is insufficient. BCG’s projections indicate that by 2050, between six and ten gigatons of residual CO₂ emissions will remain unabated globally.
Asia, with its abundant carbon sinks and resources, is poised to play a pivotal role in scaling CDR solutions. Singapore, in particular, has the potential to become a central hub for facilitating global carbon markets.
This report distils key insights from the Forum, outlining strategies to accelerate durable CDR and advance global decarbonisation efforts.
